(1.) Federal Reserve data are from its Programming and Control System cost accounting reports (PACS) while Check 21 volume information for commercial banks was kindly made available by the Electronic Check Clearing House Organization (ECCHO
's National Check Payments Certification TM is an important designation in our industry as it recognizes an elevated level of payments expertise," said Laura Steele, AAP, SWACHA president and COO.
The diminished importance of the UCC contrasts with the increased significance of private rules from industry bodies--such as check-image-exchange rules from ECCHO
. Together, the UCC, the Expedited Funds Availability Act (EFAA), and the Federal Reserve's Regulation CC (17) (which implements the EFAA) provide legal authority for banks to exchange images of paper checks and assign liability in cases of check fraud, but the details for check image exchange are left to private agreements or clearinghouse rules.
shall in sounds remote, Repeat each Note, Each Note, each Note.
According to ECCHO
(Electronic Check Clearing House Organization), image-based clearing volume grew from 81.4 million to 505.2 million per month, or by 521 percent, for a 13-month period, which ended in February 2007.
In his New Atlantis, Bacon imagined experimenting with the ability to echo the human voice in places he called "Sound-Houses": "Wee haue also diuerse Strange and Artificiall Eccho
's, Reflecting the Voice many times, and as it were Tossing it: And some that glue back the Voice Lowder then it came, some Shriller, and some Deeper; Yea some rendring the Voice, Differing in the Letters or Articulate Sound, from that they receyue," (46) Thomas Dekker's civic pageant made the city streets a spectacular "Sound-House" for his dramatic speeches.
OnWe Network exchanges national standard format files using ECCHO
Rules for check image exchange thus providing interoperability with national exchange services.
Ile flye no more than doth a setled rocke, No more than mountaines or the steadfast powles, But come sweete love if thou wilt come with me, We two will live amongst the shadowy groves, And we will sit like shepherdes on a hill, And with our heavenly voyces tice the trees To eccho
sweetely to our coelestiall tunes.
Both direct the Ecosystems, Climate Change and Health Omnibus Project (ECCHO
Exhibit 1: Check 21 Information on the Internet * Final version of Check 21 Act: http://frwebgate.access.gpo.gov/- cgi-bin /getdoc.cgi?dbname=108_cong._bitls&docid=f:h 1474enr.txt.pdf * Wausau Financial Services: http://www.wausaufs.com/products /-check21.cfm * ECCHO
: http://www.eccho.com * SVPCo: http://www.svpco.com * Federal Reserve: http://www.federalreserve.gov/paymentsystems/- truncation/default.htm * NACHA: http://ecc.nacha.org/resources/c21_vs_ACH_V3_0.doc
For an English example, see Walton, 41, 'And, though 'tis most certain, chat two Lutes, being both strung and tun'd to an equal pitch, and then, one plaid upon, the other, chat is not totcht, being laid upon a Table at a fit distance, will (like an Eccho
to a trumpet) warble a faint audible harmony, in answer to the same tune....
(17.) Implementation of another version of ECP has been under way for some time under the auspices of the Electronic Check Clearing House Organization (ECCHO